file photo by Boyd Loving
By Dino Flammia April 6, 2017 3:00 AM
Nationally in 2016, the average property tax bill on a single family home was $3,296.
In New Jersey, it was $8,477, reinforcing the state’s reputation as being the least tax-friendly to its residents.
According to a report released Thursday by real estate database ATTOM Data Solutions, New Jersey easily takes the top spot for highest property taxes, beating out second-place New York by more than $1,400.
Relative to the average market value of single family homes in the state, New Jersey also posted the highest tax rate in the nation — 2.31 percent, the California-based company said. The rate topped 2 percent in only four other states – Illinois, New Hampshire, Texas and Vermont.
“New Jersey homeowners in 2016 paid a cumulative total of over $20 billion in property taxes just on single family homes,” said ATTOM senior vice president Daren Blomquist.
That represents nearly 10 percent of the $277 billion levied on single family homes nationwide, according to the report.
Read More: New report shows how much more NJ pays in property taxes vs. rest of U.S. | https://nj1015.com/new-report-shows-how-much-more-nj-pays-in-property-taxes-vs-rest-of-u-s/?trackback=tsmclip
Property taxes! Look at federal taxes. As usual, NJ pays a lot more to the fed than we get back.
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/
Look at the net takers – all the welfare hating states. They insult the northern liberal elites but look at who is floating them.
Nice try, 9.50am, but the only reason the northern states are net payers is because of capitalism. Massive salaries in places like New York, Boston, and Chicago, as well as corporate profits. The north has its huge share of welfare recipients as well.
Union slobs, Union lackeys, Union toadies.
500 + different municapilatys draining the homeowner dry.
Complete bullshit from every corner of the state.
Look at these figures: $20 billion in property taxes just on single family homes, equal to 10% of the national take just from one single state, NJ. And yet the unions still want more, more, more. It costs us 3X more than any other state for union road work. Over 60% of the property & state income tax take goes to union labor & benefits. Enough of their insatiable greed, we’re taxed to death as it is.
Union greed is killing NJ’s economy.
Hey morons… educate yourselves… 500 plus municipalities and fleeced by the feds that WE elect into office… https://www.businessinsider.com/the-states-the-most-and-least-dependent-on-the-federal-government-2015-7